Significant Deficiencies in Internal Control Are First Communicated by Auditors

question 50

Multiple Choice

Significant deficiencies in internal control are first communicated by auditors to the:

• A) Australian Securities Industry Commission (ASIC).
• B) board of directors.
• C) chief executive officer.
• D) audit committee.

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Definitions:

Denominator

In a fraction, the number below the division line, indicating the total number of parts.

Degrees of Freedom

The volume of exclusive values or quantities that can be allotted to a statistical distribution.

DfWG

Degrees of Freedom Within Groups, related to variance analysis, expressing the number of independent pieces of information within groups.

Respondents

Individuals who provide data or answers in a survey, study, or experiment.